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Sam Bankman-Fried, the co-founder and former CEO of crypto exchange FTX and trading firm Alameda Research, was sentenced to 25 years in prison by Southern District of New York (SDNY) Judge Lewis Kaplan, about five months after he was found guilty on al…
Assistant U.S. attorney Nicolas Roos stood in front of jurors from 10 a.m. ET until the court broke for lunch around 1 p.m. reiterating the prosecution’s case: Bankman-Fried lied.
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Bankman-Fried was seemingly incapable of answering the prosecution’s questions clearly, or speaking plainly about his activities when he was CEO of FTX.
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Contrary to the picture prosecutors tried to paint, Bankman-Fried insisted that he was not involved in the day-to-day trading operations of Alameda or its “core operations.”
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Sam Bankman-Fried and other FTX executives spent $8 billion worth of customer funds on real estate, venture capital investments, campaign donations, endorsement deals and even a sports stadium, according to testimony from former senior FTX executive Ni…
The accounts were reopened to Alameda after Ellison made about $100 million to $150 million in payments of “crypto transfers” to accounts.
On January 14, 2022, former crypto mogul Sam Bankman-Fried tweeted: “First, we’re launching a $2 billion venture fund, FTX Ventures. As a founder, it’s important to support other founders creating great companies. Hopefully this will …
Caroline Ellison, the ex-CEO of Alameda Research, took the stand as the fifth witness for the prosecution in Sam Bankman-Fried’s six-week trial.
The testimony of Matt Huang, co-founder and managing partner of crypto investment firm Paradigm, at Sam Bankman-Fried’s trial may help the prosecution convince jurors that the former crypto mogul defrauded investors.
Huang testified Thursday that he an…
Alameda’s “unlimited funds” came from FTX customers, the crytpo exchange’s co-founder says on the stand.
The criminal trial of former cryptocurrency magnate Sam Bankman-Fried completed its second day on Wednesday. The prosecution and defense both gave opening statements, and interviewed the first two witnesses, including a customer of FTX and Bankman-Frie…
When it turns out a screaming success was no more than smoke and mirrors, it means that a key signal in the tech startup market was actually quite specious.
Ah, so SBF’s FTX was all BS by Alex Wilhelm originally published on TechCrunch
The Block, a crypto-focused publication, received millions in loans from disgraced FTX founder Sam Bankman-Fried.
The Block founder says he’s exploring ways to get the publication into ‘trustworthy’ hands by Jacquelyn Melinek originally published on TechCrunch
FTX and Alameda Research had their hands in a bunch of different startups. The depth of its roster of investments wasn’t very transparent until now.
FTX and Alameda’s massive investments will take a long time to unwind from crypto industry by Jacquelyn Melinek originally published on TechCrunch
Sam Bankman-Fried said on Thursday that he will be winding down the trading firm Alameda Research and is attempting to raise liquidity for the troubled FTX International exchange, as he scrambles to keep the world’s second largest crypto exchange alive after a bailout deal with Binance failed earlier this week. Bankman-Fried said in a series […]
Sam Bankman-Fried says FTX in talks to raise capital, Alameda Research to wind down trading by Manish Singh originally published on TechCrunch
Blockchain and other web3 projects are racing to reach developers, hosting hackathons, bandying out grants and offering other perks to lure those who can build. But they currently don’t have the bandwidth to review the voluminous number of applications they receive, which pushes away some of the same builders who can bring immense value to […]
As the crypto space has grown in popularity, some of the most popular blockchains have struggled to meet user demand. New projects are aiming to tackle issues like notoriously high energy use, hefty gas fees and low transaction throughput that are plaguing some of the major blockchain networks. Ethereum, for one, has announced plans to […]
Ethereum scaling firm Polygon has raised $450 million in a new venture financing round as the firm, with a market cap of about $13 billion, aggressively expands its portfolio of Ethereum scaling solutions and works to attract the larger developer ecosystem. Sequoia Capital India led Polygon’s first major financing round. Tiger Global and SoftBank as […]